The process of returning the car loan in advance is as follows:
1, car loan prepayment requires an appointment. If the owner wants to repay the loan in advance, he needs to make an appointment 15 days in advance, but different financial institutions have different regulations. Please consult the institution for specific requirements.
2. Prepare the materials required for advance payment in advance. When submitting the application for prepayment appointment, the financial institution will inform you of the materials you need, and the owner needs to prepare these materials, which mainly include: my ID card (the principal applicant and the owner), repayment card, temporary residence permit, original motor vehicle registration, repayment bill of last month and materials required by other institutions;
3. Fill in the application form. After the borrower applies to the financial institution, the financial institution will inform the borrower to fill out the application form for early repayment at the outlet.
The calculation method of prepayment of car loan is mainly divided into the following two situations: if the loan is repaid in advance, the interest of car loan will be calculated until the date when the loan is repaid, and the loan contract will be terminated naturally without paying the remaining interest. If the loan is repaid in advance, interest will continue to be calculated according to the remaining principal to be repaid. Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car, also called auto mortgage. Object of loan: The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct. Documents that need to be mortgaged: motor vehicle registration certificate, driving license, purchase additional tax certificate (original), car purchase invoice; Insurance policies, travel taxes and tax vouchers related to imported vehicles; Identity card (temporary residence permit or residence permit provided by non-local account customers within the validity period); Other documents required by the Cooperation Organization.